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Archive for May, 2011

The CFPB & Debt Harassment

By K&S on May 20th, 2011 | No Comments

Posted in: Fair Debt Collection Practices Act, FDCPA, Stop Debt Collectors

Beginning on July 21, the debt collection industry will be monitored closely by two regulatory agencies– the Fair Trade Commission (FTC) and the newly formed Consumer Financial Protection Bureau (CFPB). The FTC has been around for many years but the CFPB was created to reform the financial industry and better protect consumers, resolve widespread consumer…

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West Asset Management Pays Record Settlement, Offers Lesson in Consumer Awareness, Says Century Negotiations

The Federal Trade Commission (FTC) alleges that debt collection agency, West Asset Management, violated the Fair Debt Collections Practices Act (FDCPA) on multiple occasions, leading to thousands of consumer complaints. Century Negotiations President Amy Michalo-Rojas urged clients, and the general public, to stay informed about these types of cases so they can recognize when a…

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